Today in History (October 1^st, 1854)

The first stamps valid for postage throughout India were placed on sale in October 1854 with four values: 1/2 anna [Color: Blue], 1 anna [Color: Red], 2 annas [Color: Green], and 4 annas [Color: Red and Blue].

Let’s Revise

A)What is India’s ranking in the Global Innovation Index 2024?

1. 40
2. 39
3. 50
4. 81

Answer: B)
Rationale: India rose to 39th position among 133 global economies.

B) Which organization publishes the Global Innovation Index?

1. World Bank
2. World Intellectual Property Organization (WIPO)
3. United Nations Development Programme (UNDP)
4. International Monetary Fund (IMF)

Answer: B)
Rationale: World Intellectual Property Organization (WIPO) publishes the Global Innovation Index.

C) What are the top 5 countries in the Global Innovation Index 2024?

1. USA, China, Japan, Germany, India
2. Switzerland, Sweden, USA, Singapore, UK
3. Canada, Australia, France, South Korea, Italy
4. Brazil, Russia, India, China, South Africa

Answer: B)
Rationale: Switzerland, Sweden, USA, Singapore, UK are the top performer in Global Innovation Index.

D) Which countries are the fastest 10-year climbers in the Global Innovation Index?

1. India, China, USA, Japan, Germany
2. China, Turkiye, India, Viet Nam, Philippines
3. Brazil, Russia, South Africa, Indonesia, Mexico
4. South Korea, Singapore, Malaysia, Thailand, Vietnam

Answer: B)
Rationale: China, Turkiye, India, Viet Nam, Philippines countries are the fastest 10-year climbers in the Global Innovation Index

E) What is India’s ranking in ICT services exports?

1. 5th
2. 10th
3. 1st
4. 20th

Answer: C)
Rationale: India’s ranking in ICT services exports is first.

F) What initiative has played a major role in expanding India’s innovation ecosystem?

1. Atal Innovation Mission
2. Make in India
3. Digital India
4. Startup India

Answer: A)
Rationale: Atal Innovation Mission has played a major role in expanding India’s innovation ecosystem.

G) When was the World Intellectual Property Organization (WIPO) established?

1. 1957
2. 1967
3. 1977
4. 1987

Answer: B)

H) How many member states does WIPO currently have?

1. 150
2. 193
3. 200
4. 250

Answer: B)

I) What is the mission of WIPO?

1. To promote trade and commerce
2. To lead the development of a balanced and effective international IP system
3. To protect the environment
4. To promote human rights

Answer: B)
Rationale: To lead the development of a balanced and effective international IP system is the mission of WIPO.

Summary of Today’s News

National Centre of Excellence for AVGC

India is taking a huge leap forward in the animation and visual effects industry! The Union Cabinet has just approved a brand-new National Centre of Excellence in Mumbai, specializing in animation, visual effects, gaming, comics, and extended reality (AVGC-XR). This cutting-edge center will be a game-changer for India’s media and entertainment industry.

What’s the big deal about this center?
• It’ll be modeled after top institutions like the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs).
• The center will focus on creating Indian intellectual property (IP), leveraging India’s cultural heritage, and creating a multiplier effect in the industry.
• It’ll provide world-class training, integrating India’s rich cultural heritage with modern technology.
• The center aims to generate around 500,000 jobs, making it a significant boost to the economy.

Key Objectives:
• Focusing of creating Indian IP
• Leveraging our cultural heritage in new age
• Create a multiplier effect in the industry
• An industry led initiative, in partnership with state and academia
• Integrated focus on education, skilling industry, development, innovation
• Hub and spoke model of development to be followed
• IIIC as the hub and several centres as its spokes dedicated innovation and research fund to promote start-up ecosystem

This is an exciting development for India’s creative industry, and we can expect amazing things to come out of this new center. This plan will help the economy and create new jobs in the fast-growing AVGC industry. India is becoming a global center for filmmaking. With better technology and facilities, the country can produce high-quality content, making it a leader in creativity and innovation.